The Reserve Bank on Friday raised the key interest rate by 50 basis points to 5.40 per cent -- the third straight increase since May. With the latest hike, the repo rate, or the short-term lending rate at which banks borrow has crossed the pre-pandemic level...
Stating that there are signs that headline inflation, which has breached the 6 per cent upper threshold set for the RBI for six consecutive months, has peaked,...
Mumbai Interbank Offer Rate (MIBOR) is the rate at which banks lend money from each other for liquidity, finance, and other short-term needs. The RBI is...
Reach out directly to the Reserve Bank of India (RBI) ombudsman if you have unresolved credit score issues with any credit information bureau
RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).
With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent
With imposition of restrictions on Jaiprakash Narayan Nagari Sahakari Bank, Basmatnagar, depositors will not be able to withdraw funds from their accounts, the...
The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007
Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central...
Unveiling measures soon after the close of financial markets on Wednesday, the central bank said that all capital flows barring portfolio investments remain...
Besides, the RBI has also imposed penalties on four co-operative banks.
Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other...
The price of Bitcoin fell 4.45 and that of Ethereum by 8.87 per cent in the last 24 hours
The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions
The RBI's 25th Financial Stability Report (FSR) also said banks as well as non-banking financial institutions have sufficient capital buffers to withstand...
Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...
Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to...
As per the minutes of the three-day meeting, the Governor said while high inflation continues to be the major concern, revival of economic activity remains...
The article, titled 'Capital Flows at Risk: India's Experience' published in the RBI's latest bulletin, further said in a 'black swan' event comprising a...
The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of...
Reserve Bank of India Governor Shaktikanta Das was addressing a BFSI Summit in Mumbai where he said that de-centralised finance poses unique challenge to...
The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms
The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and...
The gross non-performing assets and net NPAs of banks improved to 5.97 per cent and 1.7 per cent as of March 31, 2022, from 9.23 per cent and 3.66 per cent as...
Banks/ financial institutions have also been found to have violated RBI's instructions which require that in case of projects undertaken by government-owned...
